Truist analyst Richard Newitter lowered the firm’s price target on Treace Medical (TMCI) to $4 from $7 and keeps a Hold rating on the shares after its Q3 results and updated outlook. The guide-down implies a return to negative revenue growth in Q4 as contribution from new osteotomy product launches are masked by incremental share loss in core lapiplasty, the analyst tells investors in a research note.
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